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Activision Blizzard (ATVI) Tops Q2 EPS by 13c

August 3, 2017 4:11 PM

Activision Blizzard (NASDAQ: ATVI) reported Q2 EPS of $0.43, $0.13 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.63 billion, may not compare to consensus estimate of $1.22 billion.

Company Outlook:

(in millions, except EPS)

GAAP Outlook

Non-GAAP Outlook (redefined)

Impact of GAAP deferralsA

CY 2017

Net Revenues

$

6,400

6,400

175

EPS

$

1.05

1.94

0.06

Fully Diluted Shares*

767

767

Q3 2017

Net Revenues

$

1,385

1,385

315

EPS

$

0.09

0.34

0.11

Fully Diluted Shares*

766

766

*Fully diluted weighted average shares include participating securities and dilutive options on a weighted average basis.

As referenced on our July 29, 2016 call, if you would like to calculate Non-GAAP metrics as previously defined, you would add the impact of GAAP deferrals to the Non-GAAP (redefined) metrics.

Currency Assumptions for 2017 Outlook:

$1.12 USD/Euro for current outlook (vs. average of $1.11 for 2016 and $1.11 for 2015); and

$1.30 USD/British Pound Sterling for current outlook (vs. average of $1.36 for 2016 and $1.53 for 2015).